Keystone Investors PTE Ltd. Buys Shares of 28,114 Futu Holdings Limited (NASDAQ:FUTU)

Keystone Investors PTE Ltd. acquired a new stake in Futu Holdings Limited (NASDAQ:FUTU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,114 shares of the company’s stock, valued at approximately $2,249,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Futu by 1,245.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 444 shares of the company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Futu by 239.8% during the 4th quarter. Rakuten Securities Inc. now owns 683 shares of the company’s stock valued at $55,000 after purchasing an additional 482 shares during the last quarter. Assetmark Inc. boosted its position in Futu by 15,200.0% during the fourth quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $61,000 after buying an additional 760 shares during the period. GAMMA Investing LLC grew its stake in shares of Futu by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 778 shares of the company’s stock valued at $62,000 after buying an additional 184 shares during the last quarter. Finally, Vestcor Inc raised its holdings in Futu by 19.2% in the 4th quarter. Vestcor Inc now owns 907 shares of the company’s stock worth $73,000 after purchasing an additional 146 shares in the last quarter.

Futu Stock Up 1.3 %

NASDAQ FUTU opened at $107.76 on Tuesday. Futu Holdings Limited has a twelve month low of $51.80 and a twelve month high of $130.88. The business has a 50-day moving average price of $105.46 and a 200-day moving average price of $93.55. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Analysts Set New Price Targets

FUTU has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Futu from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. UBS Group upped their target price on shares of Futu from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Futu currently has a consensus rating of “Moderate Buy” and an average price target of $121.20.

About Futu

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.